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Wednesday, 09 March 2011 15:24
An accelerating sell-off caused stocks to fall on both stock markets this morning.
Photo: VnExpress
On the HCM City Stock Exchange, the VN-Index shed 1.02 per cent to finish the session at 470.51 points.
The trading volume was 4.7 per cent higher than on Tuesday at 31.2 million shares worth VND737.5 billion (US$34.3 million).
Of the 266 listed stocks and fund certificates in the southern market, 202 lost points, including Long Hau Corp (LHG), TMT Automobile Co (TMT) and Hoang Long Group (HLG) down 5 per cent, CAVICO Viet Nam Mining and Construction Co (MCV) 4.9 per cent and Sao Vang Rubber (SRC) 4.8 per cent.
Blue chips also tumbled, with Sai Gon Securities Inc (SSI) down 3.2 per cent, insurer Bao Viet Holding (BVH) 2.3 per cent, software producer FPT Corp (FPT) 1.8 per cent, Masan Group (MSN) 1.6 per cent and Phu My Fertiliser (DPM) 1.1 per cent.
Resort developer Vinpearlland (VPL) and steel producer Hoa Phat Group (HPG) were the only two big stocks to rise, each gaining 4.7 per cent.
On the Ha Noi exchange, HNX-Index slid 1.78 per cent to 88.45 points, with losers four time the number of gainers.
The total volume was up 5.6 per cent over Tuesday at 31.8 million shares, with a value of VND445.1 billion ($20.7 million).
Source: VNS
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